DAX Slips Further to 3-Month Lows
2026-03-03 08:48
By
Luisa Carvalho
1 min. read
Frankfurt's DAX 40 extended steep losses on Tuesday, slipping over 3% to trade near 23,800, the lowest since early December 2025, amid mounting geopolitical risks.
Investors weighed the prospect of a prolonged conflict in the Middle East after US President Donald Trump indicated that the attacks could last four to five weeks, and potentially even longer.
This exacerbated worries of a potential energy crisis, which is expected to add further pressure on inflation and may prompt a more cautious stance from the ECB and the Federal Reserve.
Travel and tourism stocks, techs and financials remained under heavy pressure.
Lufthansa and TUI each slipped 5.7%, amid flight cancellations to the Middle East and soaring oil prices.
Infineon Technologies, Siemens, Deutsche Bank, Allianz and Commerzbank each fell more than 4%.
Beiersdorf shares plunged more than 16% after the company flagged a softer 2026 outlook citing cost and foreign exchange pressures.